Two of the hottest brands in the smartphone market today, Nokia and Xiaomi, have signed a business collaboration and patent agreement, that will allow the two to collaborate on projects, get patent access and explore opportunities in new fields of technology including Internet of Things and virtual reality. As part of the agreement, Xiaomi has also acquired patent assets from Nokia. Also Read - Xiaomi electric cars are coming in first half of 2024, confirms company: Check detailsAlso Read - Redmi Note 11, Note 11 Pro; price, key specs leak ahead of launch: Check out details
Xiaomi, which is a fairly new technology brand when compared with Nokia’s existence, has a rather wider portfolio of products. The China-based manufacturer has a range of smart products, including home appliances, under its umbrella and is currently named among the top five smartphone vendors in the world. The partnership with Nokia will allow the company to work together on a variety of strategic projects. Also Read - Nokia XR20 launched in India at Rs 46,999: It is the toughest Nokia phone ever
Nokia reveals that under the business cooperation agreement, it will provide network infrastructure equipment designed to deliver the high capacity, low power requirements as expected by large web providers and data center operators. Together, the companies will work together on optical transport solutions for data center interconnect, IP Routing based on Nokia’s newly announced FP4 network processor, and a data center fabric solution. RELATED: Nokia s future smartphones could be powered by Xiaomi s Surge chipsets
What is particularly interesting is that the companies have agreed to explore opportunities in Internet of Things, augmented and virtual reality, and artificial intelligence. It is worth mentioning that Xiaomi already has a robust Mi Ecosystem with IoT-enabled devices which include smart shoes, body scale, smart camera, sunglasses, music instrument, and more. However, Nokia, as a brand, has chosen the resurrection path through smartphones under HMD Global and does not have standalone products utilizing newer technologies. Thus, the partnership between the two brands could also signify cooperation on future products, which may come from Nokia.
“Our collaboration with Nokia will enable us to tap on its leadership in building large, high-performance networks and formidable strength in software and services, as we seek to create even more remarkable products and services that deliver the best user experience to our Mi fans worldwide,” Lei Jun, Chairman and CEO of Xiaomi said. ALSO READ: Xiaomi after-sales service in India: A closer look at the company s efforts towards customer satisfaction
Although there is no official confirmation, media reports indicate that Nokia is likely to use Xiaomi’s custom Surge S1 chipset for its future smartphones. The purported smartphone is expected to be announced sometime in 2018 and likely to be priced in the mid-range category. In a past instance of strategic partnership, Nokia joined hands with Bharti Airtel for 5G and IoT applications in India. The collaboration is aimed to develop smarter cities, rural communities, connected vehicles, industrial automation and more.